Ritholtz Ups Stock Exposure

Barry Ritholtz of FusionIQ and The Big Picture blog has been moving more cash back into stocks.

According to The Wall Street Journal, Ritholtz “waded back into the stock market last week, reducing his firm’s cash position from 80% to just over 50%.”

“[That] does not exactly make us rampaging bulls,” Ritholtz said. But “we felt we could withstand a little more risk,” given the negative sentiment and the prospect of gridlock in Washington after the midterm elections, which, the Journal says, is usually good for Wall Street.